0001628280-23-004655.txt : 20230222 0001628280-23-004655.hdr.sgml : 20230222 20230222204820 ACCESSION NUMBER: 0001628280-23-004655 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230217 FILED AS OF DATE: 20230222 DATE AS OF CHANGE: 20230222 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kim John C. CENTRAL INDEX KEY: 0001868479 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39516 FILM NUMBER: 23655619 MAIL ADDRESS: STREET 1: C/O OWLET, INC. STREET 2: 2500 EXECUTIVE PARKWAY, SUITE 500 CITY: LEHI STATE: UT ZIP: 84043 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Owlet, Inc. CENTRAL INDEX KEY: 0001816708 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2088 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 424-208-8488 MAIL ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2088 CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: Sandbridge Acquisition Corp DATE OF NAME CHANGE: 20200702 4 1 wf-form4_167711688338172.xml FORM 4 X0306 4 2023-02-17 0 0001816708 Owlet, Inc. OWLT 0001868479 Kim John C. C/O OWLET, INC. 3300 NORTH ASHTON BOULEVARD, SUITE 300 LEHI UT 84043 1 0 0 0 Series A Convertible Preferred Stock 1000.0 2023-02-17 4 P 0 500 1000 A 2023-02-17 Common Stock 1020408.0 500 D Warrants (Right to Purchase Shares of Common Stock) 0.333 2023-02-17 4 P 0 1836734 A 2023-02-17 2028-02-17 Common Stock 1836734.0 1836734 D The Series A Convertible Preferred Stock is convertible into shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), of Owlet, Inc. (the "Company"). The conversion rate shall initially be 2,040.8163 shares of Common Stock per each share of Series A Convertible Preferred Stock, subject to adjustment from time to time pursuant to the terms and conditions of the Investment Agreement, dated February 17, 2023, by and among the Company and Mr. Kim, amongst others. The Series A Convertible Preferred Stock does not have an expiration date. As set forth in the Warrant to Purchase Shares of Common Stock of Owlet, Inc., dated February 17, 2023, by the Company and Mr. Kim (the "Warrant"), the exercise price and the number of shares of the Company's Common Stock issuable upon exercise are subject to adjustment upon the occurrence of certain events. As such, the exercise price and the number of shares of Common Stock issuable upon exercise as reported on this Form 4 are subject to change upon the occurrence of future events in accordance with the terms of the Warrant. /s/ Heidi M. Krings, Attorney-in-Fact 2023-02-22